TORONTO, Jan. 9 /CNW/ - Jovian Capital Corporation ("Jovian")
(JVN: TSX-V) announces that its affiliate the Charterhouse Financial Group has
filed a preliminary prospectus in relation to the initial public offering of
ROC Preferred Shares and Capital Yield Shares of Charterhouse Advantaged Trust
Split Corporation (the "Company").
The Company has been created in order to provide the holders of ROC
Preferred Shares with fixed cumulative preferential tax efficient
distributions and Capital Yield Shares with leveraged tax efficient
distributions from a 5-year exposure to a low cost, broadly diversified and
approximately equally weighted indexed portfolio of mid- to large-capitalization income trusts. Each qualifying income trust will have a minimum
market capitalization of $400 million, will be listed on the Toronto Stock
Exchange and have an established record of increasing its regular
The ROC Preferred Shares have been provisionally rated Pfd-2 (low) by
Dominion Bond Rating Service Limited ("DBRS"). The Capital Yield Shares will
have leveraged exposure to any changes in the value of and distributions from
the Trust Portfolio.
Charterhouse AT Split Management Corporation (the "Manager") will act as
the manager of the Company. The Manager is also a member of the Charterhouse
Financial Group, which originates and manages exchange-traded investment funds
and other structured investment products in Canada, including Charterhouse
Preferred Share Index Corporation (TSX: PFD.PR.A).
The syndicate of agents is being co-led by Scotia Capital Inc. and CIBC
World Markets Inc. and includes BMO Nesbitt Burns Inc., TD Securities Inc.,
National Bank Financial Inc., HSBC Securities (Canada) Inc., Desjardins
Securities Inc., MGI Securities Inc., Raymond James Ltd., Wellington West
Capital Inc., Blackmont Capital Inc., Canaccord Capital Corporation, Dundee
Securities Corporation and Richardson Partners Financial Ltd.
For further information, please contact Peter Rizakos at (416) 977-0564
or visit www.charterhousefinancial.com.
A preliminary prospectus relating to these securities has been filed with
the securities regulatory authority in each of the provinces of Canada but has
not yet become final for the purpose of the sale of securities. This material
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale or any acceptance of an offer to buy these
securities in any province of Canada prior to the time a receipt for the final
prospectus or other authorization is obtained from the securities regulatory
authority in such province.
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX Venture Exchange
(JVN). Jovian is a management and holding company with interests in a variety
of financial service firms specializing in wealth(x) and asset(xx) management.
The Jovian group of companies operates as a national financial services
organization with 87 locations and approximately $9.6 billion of client
(x) Wealth Management entities include Convoy Capital Corporation,
Gibraltar Alternative Asset Consulting Group Inc., MGI Securities Inc.,
Rice Financial Group Inc. and T.E. Financial Consultants Ltd./Conseillers
Financiers T.E. Ltee. (xx) Asset Management entities include Accumulus
Management Ltd., BetaPro Management Inc., Charterhouse Management
Corporation, DeltaOne Capital Partners Corp. (Canada), Jove Investment
Management Inc., Jovian Asset Management Inc., Leon Frazer & Associates
Inc., Pescara Partners Inc., Taliesin Capital Inc. and T.E. Investment
Counsel Inc. Financial corporate service entities include Felcom Data
Services Inc. and Services Felcom Data (Quebec) Inc./Felcom Data Services
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information: Don Sangster, Investor Relations, Jovian Capital
Corporation, (416) 864-2624.
CO: Jovian Capital Corporation
NI: NEWSTK FIN
-0- Jan/09/2006 15:46 GMT
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